Interesting to hear from you professionals about the e-filing, e-organizing. My CPA is a young guy (later 30s) in a very small firm of 3-4 ppl.

If he had the green visor, I would think the office looks the same as in 1950 (piles of paper all over the place; no email for Q&A...at least no published address). I get a paper organizer....fill out the essentials....clip together all my 1099's etc....and hand deliver to him; usually comes back completed in a week. He may not be e-savvy, but he's saved me more than the fee this year (Sched C/ Self-Employed was new in 04)

Maybe I'll print out this thread and mail it to him!

 

[QUOTE=paS2K,Mar 26 2005, 10:48 PM] Interesting to hear from you professionals about the e-filing, e-organizing. My CPA is a young guy (later 30s) in a very small firm of 3-4 ppl.

If he had the green visor, I would think the office looks the same as in 1950

 

Did you ever form a single member LLC for your consulting/independent contracting business. If not it's something you might want to consider. You would still file a Schedule C on your individual return, but you would have the extra level of protection. Ask your CPA (after tax season).

 

Rob, Thanks for the reminder...I'll ask him about it (and also the e-options).

For better or worse, my understanding is that an architect can't escape professional liability for his projects. Luckily, in my consulting, I'm not acting as the architect of record...but rather reviewing the work of others. Nevertheless, I do carry E&O insurance

 

I don't know if that's true or not, you'll have to ask your attorney. I'd still form a single member LLC.

 

Being as I have an audience of CPA"s... I would like to say this.

My CPA has a bigger boat than I do.
My CPA drives a Turbo Porsche.
If we had a flat or user tax.
Id have the bigger boat
And I'd have the Turbo Porsche.


And listen to them....they only work hard 2 months a year.


Hmmmmmm



fltsfshr

 

Then problem is Congress would institute a sales tax or value added tax, and then lower the income tax, but not do away with it. Then we would watch the income tax slowly come back, and a few years down the road, we would be back where we are now with the income tax, AND have a big, fat national sales tax on top of it.
Remember when the income tax went to what really was a flat tax -we only had two rates- in the 80s? They took away a bunch of deductions since they lowered the rates, the top one was 27%, I think. Now the rates have gone way up and have they given the deductions back (or fixed the alternative minimum tax, or the passive loss rules?) Hell no. So I would advise that the first sign of a national sales tax or value added tax, we all start screaming very loudly at our representatives.

And my boat is a $2500 used Seadoo, about 8 feet long. Bet yours is bigger than that, and cost more!

 

Actually, we don't even work that hard for those two months, and we deserve the bigger boats and faster cars. Next time become a CPA and you can have it all too.

 

Speak for yourself Rob. I'm here at the office while all the other Vintagers are eating lamb.
(you're probably at the office too. But your right, we deserve it!)

 

Me too. And I'll be here until 11:00 tonight. And I was here until 11:00 last night. And I started at 7:15 both mornings.

I was just telling them what they want to hear before.


Oh, and don't forget the beautiful wives and big homes and huge bank accounts.

(at least the beautiful wives part is true)